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    Lake Charles Duplex Investment Opportunity Title is generated by Realmo AI

    3251/3255 Cedar Street, Lake Charles, LA 70615

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    Duplex in Lake Charles with income potential and convenient features.

    Type:Multifamily, Land
    Property size:
    1,732 SF
    Lot size:
    0.33 Acres
    Price / SF:
    $98/SF
    Added:
    Mar 7, 2026
    Days on Market:
    122
    Last Refresh:
    Jul 3 at 6:07 am

    Property Features for 3251/3255 Cedar Street

    General Information

    Standard status
    Active
    Size
    1,732 SF
    Lot size
    0.33 Acres
    Property subtype
    Multifamily, Land

    Building Details

    Year Built
    1975

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    Steven Floyd

    Listing office Coldwell Banker Commercial Ingle Safari Realty

    Listing date Mar 7, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Ingle Safari Realty

    HighLights

    • Multi‑family income potential in a desirable area of Lake Charles, LA.
    • Low annual property taxes (approximately $632.17) enhancing cash‑flow opportunity.
    • Located in Flood Zone X, providing added peace of mind.
    • Relatively new shingled roof (less than 5 years old).
    • Each unit features 2 bedrooms and 1 bathroom with a practical layout.
    • Covered vehicle parking for tenant convenience.

    Overview

    This is an investment opportunity located in Lake Charles, Louisiana. The property features a 1732 square foot duplex situated on approximately 0.33 acres. The zoning is Mixed Residential. The property is located in Flood Zone X. Each unit includes 2 bedrooms and 1 bathroom with a practical layout, totaling approximately 866 square feet per unit. A covered area is available for vehicle parking. The property also features a detached exterior space for a washer and dryer, and storage. The roof is shingled and less than 5 years old. Window units provide both heating and cooling. The property has multi-family income potential and low annual property taxes. A second duplex on the adjoining parcel is also available, offering additional investment potential for buyers looking to expand their portfolio.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $17.7k $10.20
    − Vacancy −$1.3k −$0.77
    EGI $16.3k $9.44
    − OpEx −$4.9k −$2.83
    NOI $11.4k $6.60
    1,732 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $163.4K
    $143.0K – $190.7K (±1% cap)
    NOI $11,439 @ 7.0% cap · market cap 6.73%
    Second Best
    Apartment 5plus
    $144.6K
    $126.5K – $168.7K (±1% cap)
    NOI $10,121 @ 7.0% cap · market cap 5.95%
    Theoretical Best
    Specialty Retail
    $373.3K
    $326.7K – $435.6K (±1% cap)
    NOI $26,133 @ 7.0% cap · market cap 15.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Big Box & Wholesale Store Hotel & Motel Auto Parts Store Restaurant Department Store Food Market Garden Center Electronics & Wireless Store Bed & Breakfast Arcade & Gaming Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Charles
    County
    Calcasieu
    State
    Louisiana
    Longitude
    -93.16643
    Latitude
    30.280437

    FAQs

    What type of property is this?
    Duplex - Duplex in Lake Charles with income potential and convenient features.
    Where is this duplex located?
    The property is located at 3251/3255 Cedar Street Lake Charles, LA.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: Multi‑family income potential in a desirable area of Lake Charles, LA.; Low annual property taxes (approximately $632.17) enhancing cash‑flow opportunity.; Located in Flood Zone X, providing added peace of mind.
    More about this property
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